State of Illinois
90th General Assembly
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90_HB2389

      40 ILCS 5/14-104.9        from Ch. 108 1/2, par. 14-104.9
          Amends the State Employee Article of the Illinois Pension
      Code.  Allows an employee to purchase service credit  for  up
      to   2   years   of   educational   leave   under   specified
      circumstances.   Requires  payment  of  employee and employer
      contributions plus interest.  Effective immediately.
                                                     LRB9007294EGfg
                                               LRB9007294EGfg
 1        AN ACT to amend the Illinois  Pension  Code  by  changing
 2    Section 14-104.9.
 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:
 5        Section 5.  The  Illinois  Pension  Code  is  amended  by
 6    changing Section 14-104.9 as follows
 7        (40 ILCS 5/14-104.9) (from Ch. 108 1/2, par. 14-104.9)
 8        Sec. 14-104.9.  Credit for leave of absence.
 9        (a)  A member may establish creditable service under this
10    Article  for  up  to one year during which he or she was on a
11    leave of absence from employment  for  which  credit  is  not
12    otherwise available under this Code, subject to the following
13    conditions:  (1)  the  leave  of  absence  terminated  before
14    January  1,  1971,  and  (2)  on or before March 1, 1993, the
15    member files  a  written  application  with  the  System  and
16    contributes  to the System an amount determined by the Board,
17    equal to (i) employee contributions at the  appropriate  rate
18    in  effect  for  members of this System during the period for
19    which  credit  is  being  established,  and  based  upon  the
20    compensation received by the applicant at the time the  leave
21    began,  plus  (ii) the employer's share of the normal cost of
22    the creditable service being established, plus (iii)  regular
23    interest,  compounded  annually,  from the date of service to
24    the date of payment.
25        (b)  A member who has not established creditable  service
26    under subsection (a) of this Section may establish creditable
27    service under this Article for up to 2 years spent pursuing a
28    graduate degree while on an educational leave of absence from
29    employment,  provided  that  (1)  the member does not receive
30    service credit for that leave under any  other  provision  of
31    this  Code,  and (2) on or before January 1, 1999, the member
                            -2-                LRB9007294EGfg
 1    files a written application with the System  and  contributes
 2    to the System an amount determined by the Board, equal to (i)
 3    employee  contributions at the appropriate rate in effect for
 4    members of this System during the period for which credit  is
 5    being  established,  based  upon the compensation received by
 6    the applicant at the time the  leave  began,  plus  (ii)  the
 7    employer's share of the normal cost of the creditable service
 8    being  established,  plus  (iii) regular interest, compounded
 9    annually, from the date of service to the date of payment.
10    (Source: P.A. 87-1265.)
11        Section 99. Effective date.  This Act takes  effect  upon
12    becoming law.

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